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As the House quickly tweaks 1200 pages of cap and
trade legislation, cutting chunks of it,
unfortunately, into
large slices of pork, I cannot help but wonder how
much cap and trade will affect foreign oil dependency.
A couple months ago USAToday
published research that suggested that by 2015 cap
& trade would add between .16 cents on the low
end to $2.58 on the high end to the price of a gallon
of gas.
That's a lot of variability. If cap and trade only
results in an extra .16 cents at the pump, it seems
hard to believe that cap and trade's affect on gas
prices would have much impact on foreign oil
dependency. Of course, if the high end becomes
reality, we'll significantly reduce foreign oil
dependency, but we'll also kill the US auto industry.
Is cap and trade the right approach to foreign oil
dependency? Is foreign oil dependency irrelevant
compared to global warming?
Labels: cap and trade, Foreign Oil Dependency
